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Meesho shares fall after ₹945 crore block deal; Y Combinator seen as likely seller

Meesho shares fell 1.66% after a ₹945 crore block deal involving 1% equity. Market sources identified Y Combinator as the likely seller, with reports of a planned sale of up to 1.05% and a 30-day lock-in thereafter.

Newer report , , Business Today : Meesho slips after block deal as UBS raises target price to Rs260

Read next

  1. Broker raises Meesho target to ₹260 as growth and logistics outlook improve, , The Hindu BusinessLine
  2. Meesho shares jump 11% as user and seller growth bolster marketplace outlook, , Financial Express
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Reported figures

From the report. Source details below

  • ₹957.5 crore potential sale value
  • ₹202.28 share price at 11:36 AM
  • 9.25% gain over past month
  • ₹93,502 crore market capitalisation

Other figures

  • 4.72 crore shares
  • ₹200.01 per share
  • ₹197.5 floor price
  • 11.46% YTD gain

The source

Source Read the source at The Hindu BusinessLine

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Note Information, not investment advice. RetailIntel is not registered with SEBI.